19. October 2009 09:22
Bederra Corporation (PINKSHEETS: BEDA), a Houston, Texas based diversified medical services provider, announced that the company has signed a Letter of Intent to acquire Texas Mobile Health, Inc.
Texas Mobile Health, Inc. provides mobile diagnostic services such as Eko Cardiograms, Pulmonary Function tests, Vascular Studies and Event Monitoring to physician offices, clinics and nursing homes. By acquiring Texas Mobile Health, Bederra will be able to provide ICAVL certified facilities and be able to gain further revenues under the ICAVL certification, which is now a requirement of Medicare and certain private insurance companies.
The acquisition is estimated to generate revenues in the $3 million range with plans to add several additional services that could double this volume. Due to some anticipated changes in Medicare beginning in January 2010, many existing physician offices will not be able to provide in-house services such as those provided by Texas Mobile Health due to certification requirements. Therefore, there will be a greater market for companies such as Texas Mobile Health to fulfill this need.
This acquisition will mark the horizontal diversification of Bederra Corporation and complements its current suite of diagnostic services with another operational and revenue generating model. Texas Mobile Health will enable Bederra clients in need of diagnostic services, but unable to travel, to receive those services in the comfort and safety of their own homes.
SOURCE: Bederra Corporation
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